East Central Reporter

Former state university employee James McKirahan, who retired in April 2019, saved $61,118 toward a pension over 14 years working for state universities, State Universities Retirement System of Illinois records show.

Over 30 years of retirement, McKirahan would collect as much as $741,605, according to a projection by Local Government Information Services (LGIS), which publishes East Central Reporter.

The projection assumes McKirahan received $15,588 in the first year of retirement, then 3 percent annual increases thereafter, compounded.

After 4 years of retirement, McKirahan will have already received $65,216 in retirement benefits, or more than the sum total of the retiree's contributions to the state pension fund.